The latest blockbuster settlement was announced late Tuesday, when Morgan Stanley revealed it would pay $1.25 billion for selling faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
February 05, 2014 at 01:21 PM
1 minute read
The settlements just keep on coming in the Federal Housing Finance Agency’s bruising battle with major Wall Street banks. The latest deal was announced late Tuesday, when Morgan Stanley revealed it would pay $1.25 billion for allegedly selling faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
The deal brings the total settlement tally in the FHFA litigation above the $9 billion mark.
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